Prime Capital Investment Advisors LLC Has $142.65 Million Stock Position in Microsoft Co. (NASDAQ:MSFT)

Prime Capital Investment Advisors LLC boosted its stake in Microsoft Co. (NASDAQ:MSFT - Free Report) by 1.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 338,433 shares of the software giant's stock after purchasing an additional 6,182 shares during the quarter. Microsoft comprises about 2.1% of Prime Capital Investment Advisors LLC's investment portfolio, making the stock its 7th largest holding. Prime Capital Investment Advisors LLC's holdings in Microsoft were worth $142,649,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Fiduciary Advisors Inc. bought a new position in Microsoft during the 4th quarter worth approximately $38,000. IFS Advisors LLC increased its stake in Microsoft by 53.8% in the fourth quarter. IFS Advisors LLC now owns 100 shares of the software giant's stock valued at $42,000 after purchasing an additional 35 shares in the last quarter. Avondale Wealth Management raised its holdings in Microsoft by 144.4% in the fourth quarter. Avondale Wealth Management now owns 110 shares of the software giant's stock worth $46,000 after purchasing an additional 65 shares during the period. Fairway Wealth LLC bought a new position in shares of Microsoft during the fourth quarter worth $62,000. Finally, Sellwood Investment Partners LLC bought a new position in shares of Microsoft during the fourth quarter worth $120,000. Institutional investors and hedge funds own 71.13% of the company's stock.

Analyst Upgrades and Downgrades

MSFT has been the subject of a number of recent analyst reports. Royal Bank of Canada restated an "outperform" rating and issued a $525.00 price objective on shares of Microsoft in a research report on Friday, May 23rd. Evercore ISI set a $515.00 price target on Microsoft and gave the stock an "outperform" rating in a report on Wednesday, May 21st. Westpark Capital reaffirmed a "hold" rating on shares of Microsoft in a research report on Thursday, May 1st. Scotiabank lifted their price objective on Microsoft from $470.00 to $500.00 and gave the company a "sector outperform" rating in a report on Thursday, May 1st. Finally, Bank of America lowered their target price on Microsoft from $510.00 to $480.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Four investment analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $513.13.

Insiders Place Their Bets

In other news, insider Bradford L. Smith sold 75,000 shares of Microsoft stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $436.05, for a total transaction of $32,703,750.00. Following the completion of the transaction, the insider now directly owns 476,999 shares in the company, valued at approximately $207,995,413.95. The trade was a 13.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Judson Althoff sold 16,000 shares of the business's stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $458.18, for a total value of $7,330,880.00. Following the transaction, the executive vice president now directly owns 98,010 shares in the company, valued at $44,906,221.80. The trade was a 14.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 135,743 shares of company stock valued at $60,224,683 over the last 90 days. 0.03% of the stock is currently owned by insiders.

Microsoft Stock Up 0.6%

Shares of NASDAQ:MSFT traded up $2.70 during midday trading on Friday, hitting $470.38. The stock had a trading volume of 15,268,509 shares, compared to its average volume of 21,465,117. The company has a market cap of $3.50 trillion, a P/E ratio of 37.87, a PEG ratio of 2.21 and a beta of 1.03. Microsoft Co. has a 12 month low of $344.79 and a 12 month high of $473.29. The business's 50-day simple moving average is $415.43 and its 200-day simple moving average is $416.31. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, beating analysts' consensus estimates of $3.22 by $0.24. The company had revenue of $70.07 billion during the quarter, compared to the consensus estimate of $68.54 billion. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. The company's quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter last year, the firm posted $2.94 EPS. On average, sell-side analysts forecast that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be issued a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft's payout ratio is currently 25.66%.

About Microsoft

Microsoft Corporation develops and supports software, services, devices and solutions worldwide. The Productivity and Business Processes segment offers office, exchange, SharePoint, Microsoft Teams, office 365 Security and Compliance, Microsoft viva, and Microsoft 365 copilot; and office consumer services, such as Microsoft 365 consumer subscriptions, Office licensed on-premises, and other office services.